Which step has been taken by the Government of India to cater to the requirements of patent terms and other emergency provisions in this regard?

The laws and rules to prevent unauthorised exploitation of bio-resources are termed as

While creating genetically modified organisms,genetic barriers are not respected. How can this be dangerous in the long run?

Write a short note on biopiracy,highlighting the exploitation of developing countries by the developed countries.

The aims and objectives of the Genetic Engineering Approval Committee $(GEAC)$ are:
$I$. To permit the use of genetically modified organisms and their products for commercial applications.
$II$. To adopt the procedures for restriction,production,and application of $GM$ organisms.
$III$. Approval to conduct large-scale field trials and release of transgenic crops into the environment.
Which of the statements given above are correct?

Ignoring our traditional knowledge can prove costly in the area of biological patenting. Justify.